NFT Market

topic on 3 shows · 3 statements across 3 episodes

My First Million Capital Allocators Top Founders

3 statements about NFT Market, every show

Garg: NFT marketplaces are more defensible businesses than cryptocurrency exchanges
“The belief we've come to is that the NFT markets Are actually going to be more defensible than the cryptocurrency markets. And it's because the assets that you're purchasing are by definition, unique and distinct.”
Avichal Garg Aug 4, 2022 ▶ 50:59 Avichal Garg – Programmer-Centric Crypto Investing at Electric (Manager Meetings, EP.34)
Liu: NFT market growth comes from creators' use cases, not underlying blockchains
“Growth doesn't necessarily start with the chain, right? It's the creators who create use cases for NFTs, and those use cases pull in new users. Chain is just a technology, just like an operating system on which it lives.”
Jack Liu May 30, 2022 ▶ 13:57 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
MY FIRST MILLION Assertion Contradicted
NBA Top Shot secondary market volume is dropping 30% month-over-month
“Top Shot's getting slaughtered. It's going down like 30% month over month because all the whales are like, hey, cool, we've made millions of dollars. Let's just do a coordinated sell-off and like, you know, like let's sell this baby now. Let's take something o…”
Shaan Puri Mar 31, 2021 ▶ 1:09:44 MFM #165: How Jack Butcher is Selling his Art for $76m & How to Research Wealthy People

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